Memphis residential real estate market saw record median and average prices in June
Memphis residential real estate market saw record median and average prices in June
The Memphis housing market got off to a strong summer start by breaking the highest median and average price records, while also seeing continuing growth in inventory, according to Memphis Area Association of Realtors (MAAR) data.Β Last month, 2,006 homes sold, up 6.8% from June 2021, and slightly outpacing a hot May 2022. The median price of $250,000 was a 11.1% increase from June 2021, and the average price of $286,100 was a 13.5% increase.Β In May 2022, 1,997 homes sold, up 2.3% from May 2021β¦
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